WAITING LISTS FOR the ultra-rich queuing to buy petrol-hungry super-cars are getting longer. Pity, for a moment, the frustrated plutocrat who might have to wait five years to become the proud owner of a Rolls-Royce Phantom Drophead Coupé. To many this is a great success of wealth creation. The car costs US$412,000 and, driven in the city, it will manage just twelve miles on a gallon of petrol.
At the very same time, we face the prospect of potentially imminent and irreversible global warming. And the share of the world’s poor in the benefits of global economic growth has dwindled. A little ...
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